622 Grand Fir Ave — Sale in Sunnyvale, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Sunnyvale, CA 94086
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Investment Figures
- Cap rate
- 3.78%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present 622 Grand Fir Avenue, a seven-unit multifamily investment opportunity located in Sunnyvale, California. Built in 1959 and owned by the same family since the 1980’s, the property reflects over four decades of consistent, long-term ownership and offers investors the opportunity to acquire a well-maintained asset in one of Silicon Valley’s most desirable rental markets. Situated on an approximately 10,900-square-foot lot with 5,217 square feet of building area, the property features a diverse unit mix consisting of four one-bedroom units, two two-bedroom unit, and one three-bedroom unit, providing floor plans that appeal to a broad range of tenants. The property offers a compelling combination of stable in-place income and meaningful future rental upside. Long-term ownership and historically low turnover have resulted in current rents that remain below prevailing market levels, creating an opportunity for a new owner to increase revenue over time through natural tenant turnover and strategic management. Individually metered utilities, convenient carport parking, and a functional building layout further enhance operating efficiency and contribute to the property’s long-term investment appeal. Located in the heart of Sunnyvale, 622 Grand Fir Avenue benefits from proximity to major Silicon Valley employment centers, Downtown Sunnyvale, Caltrain, shopping, dining, and neighborhood amenities. The property’s central location provides convenient access throughout Silicon Valley while positioning residents near many of the region’s leading technology employers. With strong in-place occupancy, embedded rental upside, and a location within a supply-constrained multifamily market, 622 Grand Fir Avenue represents a rare opportunity to acquire a well-located Sunnyvale apartment community with both current income and long-term growth potential. Investment Highlights: • Located within Sunnyvale's core residential fabric, near downtown Sunnyva
Market Context
This multifamily in Sunnyvale, CA is listed for sale. It is offered at an approximate 3.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Sunnyvale, CA — view the full market.
Contact
- Jimmy Castellanos · (650) 391-1777 · jcastellanos@marcusmillichap.com
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